As per income tax act resident are classified into two categories ,resident and ordinarily resident and Resident but not ordinarily resident .
Wherever act mentions only "resident "word,it covers above both categories of resident.Am i right?
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Categories of resident
Replies (6)
Yes it will cover both ROR and RNOR unless otherwise stated in the section..
Yes it covers both
"PERSON" as defined under Income Tax Act have been classified into three types.
Resident
RNOR
Non-resident
So wherever Act says Resident , it means Resident and not others. Resident and RNOR both are mutually exclusive.
Resident
RNOR
Non-resident
So wherever Act says Resident , it means Resident and not others. Resident and RNOR both are mutually exclusive.
Person is classified in 7 categories...and not 3..
and word resident has been defined as resident u/s 6...
after an individual is classified as resident...
it will be either ROR or RNOR
and word resident has been defined as resident u/s 6...
after an individual is classified as resident...
it will be either ROR or RNOR
Note that my above reply is not on category of persons.
it's on residential classification of each person.
that is Resident , RNOR, Non- Resident
Few categories of persons are by default "Resident "
it's on residential classification of each person.
that is Resident , RNOR, Non- Resident
Few categories of persons are by default "Resident "
Sir when you say that Resident and RNOR are mutually exclusive.. I don't agree with that you can't be RNOR without being resident..
ans whenever act specifies resident it will..
include both.For example rebate u/s 87A
rebate will be available to both ROR and RNOR..as section specifies resident
ans whenever act specifies resident it will..
include both.For example rebate u/s 87A
rebate will be available to both ROR and RNOR..as section specifies resident
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